Domenica, 21 Ottobre 2018
ROME

Economy minister says Italy committed to deficit slashing

English
© ANSA

Rome, June 17 - Economy Minister Fabrizio
Saccomanni said Monday that Italy remained committed to
respecting its budget pledges to the European Union and cutting
its deficit even as it focuses on a growing unemployment crisis.
"The effort of restoring health to the State budget remains
one of the priorities of the government's work," Saccomanni
said.
"The commitment to fiscal consolidation must not be slowed
down and the public's contribution is essential in order to be
successful".
Unemployment in recession-hit Italy recently hit a record
high of 12%, with around four of of 10 young people aged 15 to
14 out of work.
The minister added that it would only be possible to bring
down Italy's high tax burden if cuts are made to public
spending.
"We have to conciliate limiting spending, which is a
essential to be able to reduce the tax burden, with the
production of high quality public services," he said.
He added that Premier Enrico Letta's government will
continue to work with a review of public spending conducted by
his predecessor Mario Monti's emergency technocrat
administration.
This review led to a package of measures passed in 2012
aimed at generating around 26 billion euros in cuts in three
years.

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